http://www.bloomberg.com/news/2012-11-27/greece-wins-easier-terms-on-debt-as-eu-hails-rescue-formula.html
European finance ministers eased the terms on emergency aid for Greece, declaring after three years of false starts that Europe has found the formula for nursing the debt-stricken country back to health.
In the latest bid to keep the 17-nation euro intact, the ministers cut the rates on bailout loans, suspended interest payments for a decade, gave Greece more time to repay and engineered a Greek bond buyback. The country was also cleared to receive a 34.4 billion-euro ($44.7 billion) loan installment in December. The euro rose to a three-week high on the agreement.
It seems the Europeans are doing everything to try and hold the Greeks in the Euro.
Bravo. They "found the formula"..."Defer and pretend" - don't try this at home.
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